MasterCard and WISeKey to Bring Payments to Luxury Brand Watches and Wearables

22.2.2016 07:00 | Business Wire

Del

Today at Mobile
World Congress, MasterCard
and WISeKey
announced a partnership to enable contactless payments on select luxury
brand watches and wearables. WISeKey currently works with an extensive
list of premium watch manufacturers, including Hublot
and Bulgari,
which use WISeKey’s patented security software, WIS.WATCH.

The partnership adds new devices and brands to ongoing MasterCard
programs that bring payments to any consumer gadget, accessory or
wearable – from fitness
bands to refrigerators.

“Our collaboration with WISeKey is a great example of how payments
functionality can deliver more value for a variety of device
manufacturers, and create safe and convenient shopping experiences for
their consumers,” said Sherri Haymond, senior vice president, Digital
Payments and Labs, MasterCard. “Together, we are using our collective
innovative technology and expertise to transform the way people pay for
things.”

“Working together, WISeKey and MasterCard will open the door to
additional e-commerce and marketing opportunities for luxury wearable
device and watch manufacturers. The potential for improved communication
with customers can lead to increased customer loyalty and repeat
business,” said Carlos Moreira, CEO of WISeKey.

MasterCard (NYSE:MA),
http://www.mastercard.com,
is a technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard products and solutions
make everyday commerce activities – such as shopping, traveling, running
a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join
the discussion on the Beyond
the Transaction Blog and subscribe for
the latest news on the Engagement
Bureau.

About WISeKey

WISeKey is a leading global digital security solutions company. Working
at the forefront of information cybersecurity, identity management, and
mobile software services, WISeKey’s mission is to facilitate the global
growth of secure electronic transactions by providing individuals,
businesses, and governments with advanced technology and services that
authenticate and protect digital identity across the full spectrum of
personal, business and administrative transactions online. WISeKey,
established in Geneva, Switzerland in 1999, (http://www.wisekey.com/),
is a World Economic Forum Global Growth Company. Follow WISeKey on
Twitter @wisekey,
Linkedin,
Facebook,
Instagram